Ryan Petersen
👤 PersonAppearances Over Time
Podcast Appearances
Let's put the pedal to the metal.
And go hire a bunch of engineers.
I think we added 900 software engineers in like 12 months.
And turned out they're all in the U.S.
or almost all in the U.S.
Seattle, mostly.
It was like very expensive people.
Had a lot of senior execs.
So we just like over-invested in the business.
And at the same moment, like the freight markets collapsed.
We're collapsing.
Capital markets got ugly.
It became clear like, hey, you're not going to go raise.
We'd already raised too much money.
We don't need to raise, can't raise more money.
And so it was just like kind of a perfect storm of bad decisions of which I was like, you know, sign off on all of them.
So I don't blame Dave for that.
But it became clear we got to change courses here, change course here.
And our customer, one of the mistakes that we made during that period was we took a